Company Overview

As of October 1, 2002, HomeSide Lending, Inc. was acquired by Washington Mutual Inc. HomeSide Lending, Inc. company operates as a residential mortgage banking company in the United States. The company’s business activities consist primarily of mortgage production, servicing, secondary marketing, and risk management. The mortgage production originates and purchases residential single family mortgage loans through multiple channels, including correspondents, strategic partners, mortgage brokers, co-issue partners, direct consumer telemarketing, affinity programs, and online mortgage services. Servicing administration comprises the collection and remittance of monthly mortgage principal and int...

As of October 1, 2002, HomeSide Lending, Inc. was acquired by Washington Mutual Inc. HomeSide Lending, Inc. company operates as a residential mortgage banking company in the United States. The company’s business activities consist primarily of mortgage production, servicing, secondary marketing, and risk management. The mortgage production originates and purchases residential single family mortgage loans through multiple channels, including correspondents, strategic partners, mortgage brokers, co-issue partners, direct consumer telemarketing, affinity programs, and online mortgage services. Servicing administration comprises the collection and remittance of monthly mortgage principal and interest payments, collection and payment of property taxes and insurance premiums, and management of certain loan default activities. Secondary marketing consists of the sale of residential single family mortgage loans as pools underlying mortgage-backed securities guaranteed or issued by governmental or quasi-governmental agencies or as whole loans or private securities to investors. The risk management program is designed to protect and manage the value of the company's mortgage loans held for sale and mortgage commitment pipeline; and to protect the economic performance of the servicing portfolio that could otherwise be adversely affected by loan prepayments due to declines in interest rates. The large segments of the servicing portfolio by state, as of September 30, 2001, were California, Florida, Illinois, Texas, and Michigan. The company is based in Jacksonville, Florida.

Key Executives for HomeSide Lending Inc.

Similar Private Companies By Industry

Recent Private Companies Transactions